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Months after lawmakers urged the Federal Reserve to oust the 12 Wells Fargo board members who served during the bank’s fake account fiasco, the banking giant has taken it upon itself to revamp some board seats. 547 more words
Betsy Duke was working in a Virginia Beach dinner theater in the mid-1970s, struggling to make ends meet, when she applied for a job at a dry cleaner. 1,021 more words
SAN FRANCISCO (CBS SF/AP) — The chairman and CEO of Wells Fargo is stepping down, to be replace by the company’s first-ever chairwoman.
The San Francisco-based bank announced Tuesday that Elizabeth Duke would become its chairwoman on January 1, replacing Stephen Sanger and making her the first woman to hold the position at a major Wall Street bank. 132 more words
Wells Fargo & Co vice chair Betsy Duke will replace retiring chair Stephen Sanger next year, one of several changes announced on Tuesday in a board overhaul following a sales practices scandal. 585 more words